Answer:
A. Employer payroll tax expense includes FICA and State and Federal Unemployment tax.
= (250,000 * 7.65%) + (250,000 * 5.4%) + (250,000 * 0.8%)
= 19,125 + 13,500 + 2,000
= $34,625
B.
Date Details Debit Credit
March Payroll Tax expense $34,625
FICA Taxes $19,125
State Unemployment Taxes $13,500
Federal Unemployment Taxes $2,000
A segregated fund is a type of investment vehicle commonly used by Canadian insurance companies to manage individual, variable annuity insurance products. A segregated fund offers investment capital appreciation and life insurance benefits. ... Therefore, returns from the funds tend to be more modest.
Answer:
Increasing progressive taxes in order to redistribute income may be seen as a fair and noble thing, but such measure may have several unintended consequences.
Explanation:
One consequence is that if taxes are raised too high on the highest earners, these people may simply leave the country for another one where taxes are lower. Wealthy people have the means to do so in the modern economy.
Another consequence would occurr if the taxes are raised too high on corporations. Corporations may either leave the country as well, or pass through the higher costs to the consumers.
All in all, progressive taxation is seen as a fair system by many economists, but it should be implemented with care, and by making cost/benefit analysis first.
Adding the target profit to fixed expenses before dividing by the contribution margin ratio
- adding the target profit to fixed expenses before dividing by the unit contribution margin
}{y}[/tex]Answer:
For part A) The <u>entire 2019 is deductible.</u>
For part B) $9,075
Explanation:
FOR PARTE A) we know the equation is:
where y is 12 (which means the entire year) and the number of months will be also 12. So the equation will be:
and the answer will be 24,200 which means the entire year is deductible.
FOR B) the equation to be used will be replaced by 24 (two years) and the number of month will be 9.
so the equation is:
the answer wil be $9,075
